C.H. Robinson Worldwide (NASDAQ:CHRW) was upgraded by equities researchers at Cleveland Research from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.
Several other research firms have also recently commented on CHRW. KeyCorp reiterated a “buy” rating on shares of C.H. Robinson Worldwide in a report on Wednesday. BidaskClub lowered shares of C.H. Robinson Worldwide from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 18th. Credit Suisse Group upgraded shares of C.H. Robinson Worldwide to a “hold” rating and set a $85.00 price target on the stock in a report on Wednesday, January 17th. Robert W. Baird restated a “hold” rating and issued a $90.00 price target on shares of C.H. Robinson Worldwide in a report on Tuesday, January 9th. Finally, Zacks Investment Research lowered shares of C.H. Robinson Worldwide from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. C.H. Robinson Worldwide currently has an average rating of “Hold” and a consensus target price of $79.12.
C.H. Robinson Worldwide (CHRW) traded up $0.70 during midday trading on Friday, reaching $97.23. 1,159,476 shares of the company’s stock traded hands, compared to its average volume of 1,295,774. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.55. C.H. Robinson Worldwide has a 12 month low of $63.41 and a 12 month high of $100.18. The firm has a market cap of $13,436.83, a PE ratio of 29.31, a PEG ratio of 2.70 and a beta of 0.48.
In other news, SVP James Lemke sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $79.98, for a total transaction of $1,199,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jordan T. Kass sold 1,738 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $78.75, for a total transaction of $136,867.50. Following the sale, the insider now directly owns 24,348 shares of the company’s stock, valued at approximately $1,917,405. The disclosure for this sale can be found here. Insiders have sold 22,903 shares of company stock valued at $1,854,925 in the last three months. Corporate insiders own 0.85% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Personal Capital Advisors Corp acquired a new stake in shares of C.H. Robinson Worldwide during the fourth quarter worth approximately $213,000. Hills Bank & Trust Co. acquired a new stake in shares of C.H. Robinson Worldwide during the 4th quarter valued at about $223,000. Nicolet Bankshares Inc. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $202,000. Integrated Investment Consultants LLC lifted its holdings in shares of C.H. Robinson Worldwide by 39.0% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,675 shares of the transportation company’s stock valued at $204,000 after buying an additional 750 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of C.H. Robinson Worldwide during the 3rd quarter valued at about $205,000. 94.18% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Market News and is owned by of American Market News. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2018/01/26/c-h-robinson-worldwide-chrw-upgraded-to-buy-by-cleveland-research.html.
C.H. Robinson Worldwide Company Profile
C.H. Robinson Worldwide, Inc is a provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Australia, New Zealand and South America. The Company’s segments include North American Surface Transportation (NAST), Global Forwarding, Robinson Fresh, and All Other and Corporate.
